Jason Warren the latest horse trainer to sell high-profile stables

Group 1 winner Jason Warren is the latest horse trainer to sell a high-profile stable facility – offloading Denistoun Park, on Victoria’s Mornington Peninsula, for $5.05 million.

Considered one of the country’s most picturesque horse racing properties, the 28-hectare Tuerong complex at 355 Balnarring Road was listed for sale last October without a public price guide.

Jason and his wife Jasmin bought the property about an hour south of Melbourne for $3.875 million more than five years ago, before undertaking a major refurbishment and adding buildings.

The rural estate, which prior to the Warrens was occupied by other successful training veterans, the Freedman brothers, previously sold in 2002 for $1 million.

Denistoun Park includes a 1650 metre irrigated grass track lined with ornamental trees, 68 stables, a 60-metre straight pool and a viewing hut with cameras. Improvements include a main home, owner’s residence, manager’s residence and numerous substantial sheds and other horse-related buildings.

The Warrens, who plan to relocate to a new purpose-built facility at Pakenham, have trained horses including Bel Sprinter, Freereturn, Pronto Pronto and Danger Close. They appointed Vicki Sayers of RT Edgar Flinders office to market the Tuerong holding.

Denistoun Park is the latest in a string of high-profile training complex deals struck over the past nine months.

In April, recently retired Moonee Valley Racing Club chairman Bob Scarborough sold his sophisticated horse racing facility near Nagambie for $7.2 million. The 122-hectare Wood Nook Farm, with its historic homestead, outbuildings and sophisticated training infrastructure, traded to Robert Crabtree, another veteran horse trainer.

Crabtree meanwhile recently sold his Dorrington Farm racing stud near Hastings – about eight kilometres east of Denistoun Park.

In December the Freedman brothers sold their Mornington Peninsula horse training facility, Markdel, in Fingal, to a microbrewery.

Keen to know about other recent sales on the Mornington Peninsula. Read our round-up –  part of a story earlier this month about the landmark Pelican estate selling for $12m.

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Marc Pallisco

A freelance property writer and experienced analyst, Marc is the co-founder of realestatesource.com.au